Sep 10, 2010 6:30pm EDT
, those are the two words president obama used today to describe the pace of growth in the u.s. economy. and the economy was a big topic at his white house news conference this morning. >> tom: the other big topic, susie, was the president's announcement of his new top economic advisor. he's austan goolsbee. goolsbee has been on the president's economic team. he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, versus the
Sep 10, 2010 7:00pm PDT
>> susie: president obama says more needs to be done to boost the u.s. economy-- a lot more. >> the hole the recession left was huge, and progress has been painfully slow. millions of americans are still looking for work. >> tom: he defended his push for an extension of middle class tax cuts, and said extending tax cuts for the wealthy just doesn't make sense. you're watching "nightly business report" for friday, september 10. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening, everyone. "painfully slow." tom, those are the two words president obama used today to describe the pace of growth in the u.s. economy. and the economy was a big topic at his white house news conference this morning. >> tom: the other big topic, susie, was the president's announcement of his new top economic ad
Sep 6, 2010 7:00pm PDT
for joining us for this labor day special edition. the jobs picture just keeps getting worse. tom, back in january, the economy was adding jobs and the recovery was gaining momentum. then europe's debt woes exploded and the global recovery came to a grinding halt. >> tom: susie, the latest employment numbers aren't much help. 54,000 jobs disappeared from u.s. payrolls in august, and the unemployment rate hit 9.6 >> susie: so how bad is the employment picture, and how long will it take to get back to where we were before the recession started? suzanne pratt puts it in perspective. >> reporter: it seems lately that signs like these are extremely hard to come by. even though the great recession may technically be over, the labor market is far from recovered. the nation's unemployment rate hit 10% late last year and has hovered just below there ever since. but economist dan greenhaus says that widely quoted number understates the magnitude of the job crisis and the inequalities within it. >> if you're an advanced degree white guy working not in construction, you're fine. it's like 4.5%. it'